North Dakota Statutes
§ 6-01-01 — Management and control - State department of financial institutions - Local ordinances preempted
ordinances preempted.
The state department of financial institutions is under the supervision of the state banking
board, state credit union board, and a chief officer designated as the commissioner of financial
institutions. The state department of financial institutions has charge of the execution of all laws
relating to state banks, trust companies, credit unions, building and loan associations, mutual
investment corporations, mutual savings corporations, banking institutions, and other financial
corporations, exclusive of the Bank of North Dakota. A local governing body may not adopt or
enforce a resolution or an ordinance regulating a financial institution, financial corporation, or
credit union.
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Related
State Bank of Fargo v. MERCHANTS NAT. BANK & TRUST
451 F. Supp. 775 (D. North Dakota, 1978)
First American Bank & Trust Co. v. Ellwein
397 F. Supp. 810 (D. North Dakota, 1975)
Nearby Sections
15
§ 6-01-01
Management and control - State department of financial institutions - Local ordinances preempted§ 6-01-01.1
Regulatory fund established - Uses - Continuing appropriation (Effective through June 30, 2029)§ 6-01-02
Definitions§ 6-01-04.2
Cease and desist orders§ 6-01-04.3
Assessment of civil money penalties§ 6-01-04.4
Prompt corrective action§ 6-01-04.5
Investigation of bank holding companies§ 6-01-06
Appointment of receivers§ 6-01-07.1
Records - Confidential